The Governor of Katsina State, Dr Dikko Umaru Radda has revealed plans to establish a Ministry for Micro, Small and Medium Scale Enterprises, MSMEs, in the State.
This was made known in a statement by his Chief Press Secretary, CPS, Ibrahim Kaula Mohammed, on Tuesday.
Governor Radda made the revelation in commemoration of the ‘2023 World Micro, Small and Medium Enterprises Day’, asserting that SMEs play a vital role in the economic growth of any nation.
The MSME Day is celebrated on the 27th of June of every year and is aimed at honouring SMEs’ role in achieving the Sustainable Development Goals (SDGs).
According to him, the Nigeria economy would have since gone comatose if not for the efforts of thousands of SMEs in the country.
Even though the enabling environment for several MSMEs to thrive in the country is absent, many small business ventures have been helping to create massive jobs, while also tackling youth unemployment, in recent years.
“Small and medium-sized enterprises (SMES) account for up to 90% of businesses, 60% to 70% of employment, and they account for half of global GDP, according to the United Nations (UN). That is why l am of the conviction that the theme of this year’s celebration, which is “Building a Stronger Future Together” is apt. The contribution of MSMEs are invaluable.because they have boosted the growth of many world economies.
“Here in Nigeria, the feats performed by many SMEs cannot be enumerated. But that is not to say that everything is now Uhuru for many small business enterprises in the country. They still need government support in many ways, even though the Small and Medium Enterprise Development Agency, SMEDAN, has been coming to their aid”.
Governor Radda explained that having a Ministry of MSMEs in Katsina is one sure way to help nurture, grow and ensure the survival of businesses with little capital in the state, assuring that the proposed Ministry will be given maximum support to actualize its intended objectives.
“The MSMEs Ministry we are planning to establish will be under my personal watch. I will ensure it gets the necessary supervision it needs, administratively.
“The template I used in repositioning SMEDAN, between 2016 and 2022, when I was the Agency’s Director General, will be adopted for our proposed Ministry.
I still recall, with fond nostalgia, how our team in SMEDAN unveiled and implemented several reform policies that aided the growth of Nigerian SMEs,” he said
